FD calculator
See exactly what your fixed deposit will be worth at maturity, the interest you earn and the effective yearly yield. Free, private (runs in your browser) — no sign-up.
Deposit amount
Interest rate
%/yr
Tenure
years
Compounding
Currency
Maturity value
₹1,23,144
Interest earned
₹23,144
Effective yearly yield
7.19%
Indian banks usually compound FDs quarterly. FD interest is added to your income and taxed at your slab; banks deduct TDS above the yearly limit (submit Form 15G/15H if eligible).
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How is FD interest calculated in India?
Most banks compound FD interest quarterly: Maturity = P × (1 + r/4)^(4 × years), where r is the yearly rate as a decimal.
Is FD interest taxable?
Yes. FD interest is added to your income and taxed at your slab rate. Banks deduct TDS when interest crosses the yearly limit; you can submit Form 15G/15H if your income is below the taxable limit.
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